LUYPAERTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LUYPAERTS
Largest movements
- Receivables within one year +€23,219
up €23,219 (+9.7%), from €239,613 to €262,832
of which Trade receivables: +€44,753
- Cash -€9,574
no longer reported in 2025 (was €9,574)
mainly Receivables within one year (-€23,219) and Tax, wage and social debts (-€14,913)
- Tax, wage and social debts -€14,913
down €14,913 (-53.0%), from €28,119 to €13,206
- Profit (loss) carried forward +€14,267
new in 2025: €14,267
- Other debts +€10,903
up €10,903 (+23.0%), from €47,347 to €58,250
- Short-term financial debts +€5,263
new in 2025: €5,263
- Current portion of long-term debt -€3,343
down €3,343 (-69.7%), from €4,793 to €1,450
- Gross operating margin +€7,370
up €7,370 (+43.7%), from €16,867 to €24,236
- Other operating charges +€1,284
up €1,284 (+328.4%), from €391 to €1,675
- Taxes +€1,072
up €1,072 (+35.3%), from €3,040 to €4,111
- Depreciation +€820
up €820 (+65.8%), from €1,246 to €2,066
- Financial charges +€770
up €770 (+57.2%), from €1,346 to €2,116
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,215 | €273,944 | +€10,728 | +4.1% |
| Fixed assets | 21/28 | €11,828 | €9,761 | -€2,066 | -17.5% |
| Tangible fixed assets | 22/27 | €11,828 | €9,761 | -€2,066 | -17.5% |
| Plant, machinery and equipment | 23 | €11,367 | €9,618 | -€1,749 | -15.4% |
| Furniture and vehicles | 24 | €460 | €143 | -€317 | -68.9% |
| Current assets | 29/58 | €251,388 | €264,182 | +€12,795 | +5.1% |
| Stocks and contracts in progress | 3 | €2,200 | €1,350 | -€850 | -38.6% |
| Stocks | 30/36 | €2,200 | €1,350 | -€850 | -38.6% |
| Amounts receivable within one year | 40/41 | €239,613 | €262,832 | +€23,219 | +9.7% |
| Trade receivables | 40 | €216,285 | €261,038 | +€44,753 | +20.7% |
| Other amounts receivable | 41 | €23,328 | €1,794 | -€21,534 | -92.3% |
| Cash at bank and in hand | 54/58 | €9,574 | - | -€9,574 | |
| Total equity and liabilities | 10/49 | €263,215 | €273,944 | +€10,728 | +4.1% |
| Equity | 10/15 | €180,631 | €194,898 | +€14,267 | +7.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €174,434 | €174,434 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €172,574 | €172,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,267 | +€14,267 | |
| Amounts payable | 17/49 | €82,585 | €79,046 | -€3,539 | -4.3% |
| Amounts payable after more than one year | 17 | €2,326 | €876 | -€1,450 | -62.3% |
| Financial debts | 170/4 | €2,326 | €876 | -€1,450 | -62.3% |
| Amounts payable within one year | 42/48 | €80,259 | €78,170 | -€2,089 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €4,793 | €1,450 | -€3,343 | -69.7% |
| Financial debts | 43 | - | €5,263 | +€5,263 | |
| Credit institutions | 430/8 | - | €5,263 | +€5,263 | |
| Taxes, remuneration and social security | 45 | €28,119 | €13,206 | -€14,913 | -53.0% |
| Taxes | 450/3 | €28,119 | €13,206 | -€14,913 | -53.0% |
| Other amounts payable | 47/48 | €47,347 | €58,250 | +€10,903 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €2,066 | +€820 | +65.8% |
| Other operating charges | 640/8 | €391 | €1,675 | +€1,284 | +328.4% |
| Gross operating margin | 9900 | €16,867 | €24,236 | +€7,370 | +43.7% |
| Operating profit (loss) | 9901 | €15,229 | €20,495 | +€5,265 | +34.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,346 | €2,116 | +€770 | +57.2% |
| Recurring financial charges | 65 | €1,346 | €2,116 | +€770 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €13,887 | €18,379 | +€4,491 | +32.3% |
| Income taxes | 67/77 | €3,040 | €4,111 | +€1,072 | +35.3% |
| Profit (loss) for the period | 9904 | €10,848 | €14,267 | +€3,420 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,848 | €14,267 | +€3,420 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.